Sterlington Commercial Complex and Townhomes
Retail-Commercial
for Sale
Also listed as Multi-Family, Shopping Center
| Catylist Listing ID: |
30826173 |
| Property Subtypes: |
Convenience Store, Mixed Use, Street Retail, Other
|
| Building Size (RSF): |
10,850 SF
|
| Gross Building Area: |
14,450 SF |
| Gross Land Area: |
0.53 Acres
|
| Sale Price: |
$1,500,000 |
| Unit Price: |
$138.25 PSF |
| Has Drive-Thru? |
Yes |
| Property Use Type: |
Investment |
| Building Name: |
Sterlington Commercial Complex |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
7.02% |
| Average Occupancy Rate: |
100 |
| Last Updated: |
2/2/2023 |
Overview / Comments
Sterlington is a mixed-use income producing property consisting of a retail and office strip complex in the SE portion of Sterlington, Louisiana. The site has an estimated 0.5317 acres and an estimated 105.59' of frontage off a major thoroughfare, Highway 165. The buildings consist of 4 office/retail units and 4 apartments with attached garages.
Sterlington is a major traffic carrier from Southern Ouachita Parish thru Monroe north of Bastrop and continuing on the Southern Arkansas border and south to Alexandria, Louisiana. It runs north from Interstate 20. The tract is located in an area dominated by mixed-use properties, including retail, restaurants, light commercial, offices, schools, and bank sites along major thoroughfares.
|
Additional Details
| Nearest MSA: |
Monroe |
| County: |
Ouachita |
| Tax ID/APN: |
110712 |
| Retail Clientele: |
General, Family, Business, Traveler, Recreation |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Highway 165 |
| Feet of Frontage: |
106 |
| Traffic/Vehicle Count: |
18,000 |
| Highway Access: |
The site has an estimated 0.5317 acres and an estimated 105.59' of frontage off a major thoroughfare, Highway 165. |
| Airports: |
Monroe Regional Airport |
| Site Description: |
Sterlington is a mixed-use income producing property consisting of a retail and office strip complex in the SE portion of Sterlington, Louisiana. The site has an estimated 0.5317 acres and an estimated 105.59' of frontage off a major thoroughfare, Highway 165 and extends ENE an estimated 248.85' +/- and 214.84' +/-. The site is typical for the area and could be sold for various enterprises. The buildings consist of 4 office/retail units and 4 apartments with attached garages. |
| Area Description: |
Sterlington is a major traffic carrier from Southern Ouachita Parish thru Monroe north of Bastrop and continuing on the Southern Arkansas border and south to Alexandria, Louisiana. It runs north from Interstate 20. The tract is located in an area dominated by mixed-use properties, including retail, restaurants, light commercial, offices, schools, and bank sites along major thoroughfares. Residential areas are located on the side streets. Sterlington Complex is located within the Monroe/West Monroe MSMA. The Ruston/Grambling area is located to the west. |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
2 |
| Number of Stories: |
2 |
| Property Condition: |
Excellent |
| Year Built: |
2019 |
| Year Renovated: |
2021 |
| Total Parking Spaces: |
29 |
| Parking Ratio: |
2.1 (per 1000 SF) |
| Parking Type: |
Surface |
| Heat Type: |
Electricity |
| Heat Source: |
Central |
| Interior Description: |
The interior construction includes a combination of stained concrete, tile floors, wood floors, and commercial grade carpet.
Unit amenities consist of:
Wood, Tile, and Stained Concrete Floors
Granite Countertops
8-10' Ceiling Heights
Stainless Steel Appliances
Recessed Lighting |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
5,826 |
8,262 |
| Median Age: |
36.79 |
37.82 |
| Households: |
2,049 |
3,036 |
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The information presented herein is provided as is, without warranty of any kind.
Neither Louisiana Commercial Database, LLC nor
Catylist Real Estate Software, Inc. assume any liability for errors or omissions.
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